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Extending Choice In English Health Care: The implications of the economic evidence
Burgess, Simon; Propper, Carol; Wilson, Deborah - C.E.P.R. Discussion Papers - 2005
Extending choice in health care is currently popular amongst English, and other, politicians. Those promoting choice … choice acts as a major driver for efficiency. Giving service users the ability to choose applies competitive pressure to … subjects this assumption to the scrutiny provided by a review of the theoretical and empirical economic evidence on choice in …
Persistent link: https://www.econbiz.de/10005067537
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Does quality affect patients’ choice of doctor? Evidence from the UK
Gravelle, Hugh S; Propper, Carol; Santos, Rita - C.E.P.R. Discussion Papers - 2013
Provider competition is a currently popular healthcare reform model. A necessary condition for greater competition to improve quality is that providers will face higher demand if they improve their quality. We test this crucial assumption in an important part of the health care market using data...
Persistent link: https://www.econbiz.de/10011084725
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Are We All Better Drivers than Average? Self-Perception and Biased Behaviour
Brocas, Isabelle; Carrillo, Juan D - C.E.P.R. Discussion Papers - 2002
endogenous decision to collect information before taking an action creates a systematic and testable bias in the aggregate …
Persistent link: https://www.econbiz.de/10005792500
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Disagreement and Flexibility: A Theory of Optimal Security Issuance and Capital Structure
Boot, Arnoud W A; Thakor, Anjan - C.E.P.R. Discussion Papers - 2003
and capital structure choice. Flexibility is the ability to make decisions that one thinks are best even when others … high. The firm’s optimal security-issuance choice trades the flexibility benefit of equity against the now-familiar debt …
Persistent link: https://www.econbiz.de/10005666532
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Buying Online: Sequential Decision Making by Shopbot Visitors
Dulleck, Uwe; Hackl, Franz; Weiss, Bernhard; … - C.E.P.R. Discussion Papers - 2008
In this article we propose a two stage procedure to model demand decisions by customers who are balancing several dimensions of a product. We then test our procedure by analyzing the behavior of buyers from an Austrian price comparison site. Although in such a market a consumer will typically...
Persistent link: https://www.econbiz.de/10005504575
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The role of intuition and reasoning in driving aversion to risk and ambiguity
Butler, Jeff; Guiso, Luigi; Jappelli, Tullio - C.E.P.R. Discussion Papers - 2011
positively correlated. We show the common link is decision style: intuitive thinkers tolerate more risk and ambiguity than …
Persistent link: https://www.econbiz.de/10008915807
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Manipulating Reliance on Intuition Reduces Risk and Ambiguity Aversion.
Butler, Jeff; Guiso, Luigi; Jappelli, Tullio - C.E.P.R. Discussion Papers - 2013
Prior research suggests that those who rely on intuition rather than effortful reasoning when making decisions are less averse to risk and ambiguity. The evidence is largely correlational, however, leaving open the question of the direction of causality. In this paper, we present experimental...
Persistent link: https://www.econbiz.de/10011083555
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A Search Model of Optimal Pricing and Production
Alpern, Steve; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1988
This paper presents an overview of the application of the mathematical theory of 'high-low' search to firms' pricing and production decisions. We show how this methodology can be used to determine an optimal sequence of price-quantity decisions by a firm through time. We suppose that the firm...
Persistent link: https://www.econbiz.de/10005656333